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A firm produces and sells two goods, A and B . Good A is known to have many close substitutes; good B makes up a
A firm produces and sells two goods, A and Good is known to have many close substitutes; good B makes up a significant portion of most families' budgets. A price decrease for each good would most likely cause total revenues from good to:
Multiple Choice
Decrease and total revenues from good to increase
Increase and total revenues from good B to increase
Increase and total revenues from good B to decrease
Decrease and total revenues from good to decrease
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